LUTHERAN CHURCH HOME AT GREENFIELD INC

EIN: 161579391 501(c)(3) Housing & Shelter

Lancaster, NY

Total Revenue
$2,927,792
Total Expenses
$3,275,476
Total Assets
$1,605,488
Net Assets
$818,068
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
NY
Principal Officer
Christopher Koenig
Phone
7166840202
Tax Period
2023-01-01 to 2023-12-31

LUTHERAN CHURCH HOME AT GREENFIELD INC, founded in 1999, is a community nonprofit in the Housing & Shelter sector that reported $2.9M in total revenue in fiscal year 2023. Expenses of $3.3M exceeded revenue, resulting in a 12% operating deficit.

Mission

Our mission is to provide for the physical, social, and spiritual needs of the individuals we serve, in a Christian environment. GreenField Court is designed to serve seniors who need some assistance with their daily activities. GreenField Court is an assisted living facility with 49 units.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $13,615
Program Service Revenue $2,835,560
Investment Income $8,077
Other Revenue $70,540
TOTAL REVENUE $2,927,792

Expense Breakdown

Grants Paid $0
Salaries & Benefits $814,896
Fundraising Expenses $0
Program Expenses $2,540,936
Other Expenses $2,460,580
TOTAL EXPENSES $3,275,476

Year-over-Year Comparison

2023 2022 Change
Revenue $2,927,792 $2,769,068 +0.1%
Expenses $3,275,476 $3,007,643 +0.1%
Net Income $-347,684 $-238,575 +0.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
10
Employees
50
Volunteers
10

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$648,274
Total Directors
11
$403,591
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Christopher E Koenig President/CEO and Board Member 5
Officer Director
$0 $30,908 $403,591
Steven Chizuk Chief Financial Officer 5
Officer
$0 $30,947 $244,683
Mr Kenneth Fuerst Board Member/Chairman 0.5
Officer Director
$0 $0 $0
Rev Michael Blackwell Board Member 0.5
Director
$0 $0 $0
Ms Candyce Ingwersen Board Member 0.5
Director
$0 $0 $0
Rev Thomas R Mason Board Member 0.5
Director
$0 $0 $0
Ms Sharon L McGuan Board Member 0.5
Director
$0 $0 $0
Rev Paul R Mertzlufft Board Member 0.5
Director
$0 $0 $0
Patricia Frascogna Board Member 0.5
Director
$0 $0 $0
Rev Carol Lankes Board Member/Vice Chair 5
Officer Director
$0 $0 $0
Cary Haller Board Member/Treasurer 0.5
Officer Director
$0 $0 $0
Mr Gerald C Saxe Board Member/Secretary 0.5
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $2,927,792 $3,275,476 $1,605,488 $-347,684
2022 $2,769,068 $3,007,643 $1,874,476 $-238,575
2021 $2,601,266 $2,743,319 $1,652,269 $-142,053
2020 $2,756,762 $2,832,542 $2,093,751 $-75,780
2019 $2,733,270 $2,579,012 $1,987,865 $154,258
2018 $2,618,759 $2,587,128 $1,715,093 $31,631
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